Tue, 14 Jun 2016 13:16:33 GMT
US retail sales rise as well as import prices
US total retail sales grew 0.5% in May, surpassing the 0.3% market forecast and following April's unrevised 1.3% hike, the Department of Commerce announced on Tuesday. Meanwhile, the country's import prices rose 1.4% in May, compared to the upwardly revised 0.7% gain seen in the previous month and the 0.7% forecast.